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Creative Solutions: How'd they do it?
+ b3 ~3 \$ h: a) ~0 E# Z2 ?Nothing says home like the living room couch
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Alexandra Zabjek. _* H# T$ S5 z
The Edmonton Journal
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Sunday, May 20, 2007' J. d) C. |0 [* @4 {
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Student apartments aren't typically luxurious places, but soaring rents in Edmonton are forcing some students to pare down their living arrangements even more than usual.
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' K2 _$ \6 b2 G7 f) ^8 P" v% oAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.* C2 P' F: j& Z, a; e* r
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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room., H6 v4 Y& d) i* J4 j3 N4 E
" b$ b1 Y- u+ m, R% k"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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4 v& A2 |) s. F/ oAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.4 i6 ]: u9 g" c u1 K
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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( Z& N" T3 a. |, A6 Z"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.; n+ x8 \3 p7 _( N7 r" p
9 U6 L7 |# r/ G* ~"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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5 b2 q1 |( \4 l6 D, C ~SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.
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0 w9 N; g1 {; z& m" k"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."
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) I8 }/ v2 k* {" \Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.) h: J0 D' g2 y/ A
! Z4 a- t5 Y8 s$ W& `+ IThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.3 s1 s. y6 A% c/ z$ T8 h
: L6 \; }6 o P$ {8 O LThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.2 g g+ [; y" s$ X: G
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"It would be nice to have more space and to have another bathroom," she says.2 m9 i- ^1 l( Q5 m) k' k2 k
0 H) q6 x2 k- K x- ~8 g"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
- ?3 {$ y9 w8 x% O# _+ e© The Edmonton Journal 2007 |
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